Press Release: BANKEX Will Appear Among Top 3 Supported Currencies on CoinSwitch

BANKEX, a leading global fintech company, has announced the listing of its BKX token on CoinSwitch, a cryptocurrency and altcoin exchange aggregator, providing 6000+ currency pairs. This week, the BANKEX token will appear among the top 3 supported coins along with Bitcoin and Ethereum.

After the successful launch of a raft of several new products and services, the founders of BANKEX have decided that it’s time to make the BKX utility token more accessible to potential token holders by placing it on a number of large crypto exchanges and exchange aggregators. Other listings are to be announced over the next 2 weeks.

BKX is an Ethereum-based ERC20 utility token that is used in the Proof-of-Asset Protocol ecosystem for payment purposes in order to create Smart Assets of different classes. Inside the BANKEX ecosystem, infrastructure products such as the Tokenization Engine, KYC Adapter, Custody, Security Token Exchange, Trust Service, Smart Justice, and BKX Smart Asset Scan are required in order for these digital assets (tokens) to turn out to be accurate, legal, and liquid. All these products are made on the basis of BANKEX proprietary technologies. In all of them, at a basic level, BANKEX engineers lay down various mechanisms for using BKX. For example, the BKX token is used as a reward for BANKEX Bounty Service, as a Decision Fee, as a token to buy vote tokens in BANKEX Smart Justice, as fuel for AppToken, Mediatoken, and as a fee in the BANKEX Trust Service, among other applications within the BANKEX platform.

Other enterprises are already integrating BANKEX technology to move business to the blockchain. MovieCoin, for example, is a blockchain-based platform for the financing of major motion pictures, television, and other media that incorporate the BANKEX Proof-of-Asset Protocol as well as smart contracts.

MovieCoin is focused on standardizing the financing, reporting, and payment processes in the entertainment industry. The platform will allow businesses and individuals to track and receive residuals and royalties from distribution waterfalls in near-real-time as they are collected. Payments due to investors, producers, actors, guilds, and other parties will be remitted on-receipt, rather than being held by intermediaries until the next accounting period. In addition to a private securities offering for MovieCoin Smart Fund Tokens, which represent ownership in a portfolio of quality theatrical film and television projects, MovieCoin is issuing a separate cryptocurrency, known as Moviecoin Tokens, that will denominate value for goods and services throughout the industry, from accessing financing tools on the platform to purchasing movie theater tickets and renting content.

CoinSwitch has also provided a set of detailed instructions for buying and exchanging BKX coins.

Coinswitch.co is the world’s leading cryptocurrency exchange aggregator platform. It lists 250+ coin and 6000+ currency pairs. As of 2018, it has been hitting a volume of 1 million USD per day. Among the exchanges listed on coinswitch.co are Bittrex, Changelly, Shapeshift, and Cryptopia.

Recently, BKX was listed on Bittrex, the 7th largest cryptocurrency exchange by trading volume worldwide and UpBit, a leading cryptocurrency exchange in China. BKX can also be bought at exchanges such as CoinBene, IDEX, OKEX, and EtherDelta.

About BANKEX

BANKEX is a global top-50 fintech company developing the Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) product modules and blockchain together to facilitate the digitization, tokenization & exchange of assets. Leading BANKEX technologies include the Proof of Asset Protocol for tokenization, the Plazma Protocol, BKXScan, BANKEX Smart Justice, BANKEX Trust Service, and the Solidity Floating Point Library.

BANKEX is a top-50 fintech company providing blockchain-based technologies and services for digitizing a wide range of asset classes in the digital economy for the development of a global tokenized ecosystem.

This is a press release. Trustnodes has not undertaken any verification of any of the above statements and any statement or project contained therein is not necessarily endorsed by Trustnodes. Readers are strongly urged to do your own research.